ETF Launches: STLV

iShares rolls out style-tilted ETFs with factor exposures.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

 


FEATURED ETF
iShares Factors US Value Style ETF (STLV)
BlackRock launched style ETFs with factor exposures

In mid-February, BlackRock’s iShares arm rolled out a pair of ETFs tracking factor-based versions of the Russell 1000 Index. The iShares Factors US Value Style ETF (STLV) tracks an index derived from the Russell 1000 Value Index that selects companies from the parent index based on their exposure to the momentum, quality, value, size and low volatility factors.

STLV has an expense ratio of 0.25% and lists on Cboe Global Markets, the parent company of ETF.com.

While its parent index captures the growth stock in the Russell 1000 Index, the methodology further winnows the universe down by five factor screens via a composite factor score, allowing investors to achieve a multifactor value exposure. STLV’s underlying index includes 153 components, selected from the roughly 500 stocks in its parent index.

BlackRock also launched the iShares Factors US Growth Style ETF (STLG) at the same time. It’s very similar to STLV but selects its stocks from the growth-focused universe of the Russell 1000 Growth Index.

BlackRock offers several multifactor products, including the $973 million iShares Edge MSCI Multifactor U.S.A. ETF (LRGF), which targets the quality, value, momentum and size factors. However, STLV and STLG are the first funds from iShares to offer multifactor exposure paired with style tilts.

Source: ETF.com. Data and information as of 1/31/2020.
ETF Filings sidebar covers launches and closures for the month of January 2020

 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.